With this course, you’ll learn how to recognize the qualifications and tax reporting of like-kind exchanges under §1031, exploring the basic tax and nontax treatment of like-kind exchanges along with related transactions that apply to the like-kind exchange.
Upon completion of this course, you will be able to:
- Identify qualifying like-kind property.
- Calculate the tax basis of property received in a like-kind exchange.
- Describe the tax consequences of related party exchanges.
- Report a like-kind exchange on Form 8824.
This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.